Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    505 Sanders St Helena, MT 59601-4528
    Property profile & analytics

    505 Sanders St Helena, MT 59601-4528

    View on Map
    • Office buildings
    • 20,000 SF
    • 1.12 lot acres
    Off-Market
    Property ID
    US52-0871029
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cooke Peggy / Dental Office
    • Capital Plaza / Shopping Center & Mall
    • Roofing Guy Helena / Roofing Company / General Contractor
    • Urban Guy Helena / Roofing Company / General Contractor
    • Miller Family Dentistry / Physician

    Property Details for 505 Sanders St

    Year built
    1972
    Construction
    WOOD
    Lot size
    1.12 lot acres
    Property size
    20,000 SF
    Property type
    Office buildings
    APN
    05-1888-29-3-15-35-0000
    APU
    5188829315350000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Helena
    County
    Lewis And Clark
    State
    Montana
    Longitude
    -112.014
    Latitude
    46.5894
    CBSA code
    25740
    CBSA name
    HELENA, MT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,834
    $0.00
    $0.00
    $1,693,000
    -
    $523,219
    $1,169,781
    $1,693,000

    Comparable in this City

    • Value Estimation by Request
      12,979 SF

      200 Cruse Ave

      OFFICE BUILDING • 12,979 SF
      200 Cruse Ave, Helena, MT 59601-5018
      View Details
    • Value Estimation by Request
      47,575 SF

      1100 Last Chance Gulch

      OFFICE BUILDING • 47,575 SF
      1100 Last Chance Gulch, Helena, MT 59601-2904
      View Details
    • Value Estimation by Request
      11,886 SF

      101 Last Chance Gulch

      OFFICE BUILDING • 11,886 SF
      101 Last Chance Gulch, Helena, MT 59601-4161
      View Details
    • Value Estimation by Request
      7,102 SF

      302 Last Chance Gulch

      OFFICE BUILDING • 7,102 SF
      302 Last Chance Gulch, Helena, MT 59601-5002
      View Details
    • Value Estimation by Request
      14,718 SF

      910 Last Chance Gulch

      OFFICE BUILDING • 14,718 SF
      910 Last Chance Gulch, Helena, MT 59601-3395
      View Details
    • Value Estimation by Request
      39,948 SF

      5 Last Chance Gulch

      OFFICE BUILDING • 39,948 SF
      5 Last Chance Gulch, Helena, MT 59601-4178
      View Details

    Similar Nearby for Sale

    • $5,350,000
      13,457 SF

      Helena Investment Opportunity with Development Potential

      Three leased buildings, one available, plus 6.8 acres for development.
      2823 Airport Rd, Helena, MT 59601
      View Details
    • Contact for pricing
      6,128 SF

      Helena Mixed-Use Property For Sale

      Two buildings on 1.05 acres suitable for various commercial uses.
      3210 Euclid Ave, Helena, MT 59601
      View Details
    • $735,000

      Helena Office Building For Sale

      Office building with federal lease and long-term tenancy.
      790 Colleen St, Helena, MT 59601
      View Details
    • Contact for pricing

      Downtown Helena Office Building

      50,146 SF office building in downtown Helena, Montana.
      302 N Last Chance Gulch, Helena, MT 59601
      View Details
    • $425,000
      2,880 SF

      Industrial Building with Fenced Wareyard

      2,880 SF steel building with shop and office space.
      3109 Bozeman Ave, Helena, MT 59601
      View Details
    • $1,095,000
      3,175 SF

      Medical Office Condo For Sale

      3,175 SF medical office condo in South Hills medical district.
      2480 Tracy Dr, Helena, MT 59601
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      Well-Maintained Office Building Near Airport

      Helena office building with flexible lease options near the airport.
      2831 Airport Rd, Helena, MT 59601
      View Details
    • $22 SF/Yr

      Helena Office Building Near Airport

      Well-maintained office building with flexible lease options near airport.
      2831 Airport Rd, Helena, MT 59601
      View Details
    • $22 SF/Yr

      Well-Maintained Office Building Near Airport

      Office building near Helena Regional Airport with flexible lease options.
      2831 Airport Rd, Helena, MT 59601
      View Details
    • $0.16 SF/Yr
      1,629 SF

      Helena Office Space: Artisan Block Gem

      1629 SF Class A Office, Prime Location
      40 14Th St, Helena, MT 59601
      View Details
    • Contact for pricing

      Medical Office on North Montana

      4,050 SF medical office space for lease.
      2231 N Montana Ave, Helena, MT 59601
      View Details
    • $9 SF/Yr
      3,000 SF

      Renovated Office Suites in Helena

      Affordable, renovated office suites in downtown Helena with pending improvements.
      534 N Last Chance Gulch, Helena, MT 59601
      View Details

    Property Visit Statistics

    • Visits by month
      10.7k
    • Visitors by month
      7.5k
    • Avg Time on site
      19 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 Sanders St
    Helena, MT 59601-4528
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    505 Sanders St, Helena, MT, 59601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!